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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data.

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The New Colossus

PYMNTS

Different algorithms within the decision flow help to reduce time to customer decision like electronic bank statement data parsing models.”. It then begins the underwriting process for approved applicants. At that point, live underwriters jump in and run additional reviews or verifications if they think it necessary.

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What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

INDONESIA #1 Bank Central Asia Founded on February 21, 1957, the company is headquartered in Jakarta, Indonesia, and offers commercial banking and other financial services, operating through segments including Loans, Treasury, and Others. The Securities segment engages in brokerage, discretionary investment, and underwriting services.